The Joe Biden Diary

@wallstreetcappers

  Chilean Sea Bass 

@wallstreetcappers

 They may gouge on certain items.  But if it more or less is a one-stop shopping for all food stuff — then I imagine it is a great savings overall. 

@Midnight1 

 did E Jean provide any proof ? 2 witnesses came forward to testify the incident was relayed to them after it took place. Evidence regarding his defamation statements were also provided to the jury of 6 men & 3 women where they found him highly probable to have acted with malice. The jusy had to be "unaminous" in their vote in the civil trial.

 in which year did that happen ? ? 1996

 what did the witnesses say ? " Apparently they confirmed her claims she was assaulted. The jury evidently believed them.

what is E Jean gonna do with the money ," ask e jean " or "Rachael"  She plans to setup a fund for women who have been sexually assaulted by the POS.

@Raiders22

I think it is a time saver and most small biz restaurants are working their butt off so not enough time to price shop they just go and buy and get back as fast as possible.

To me COGS is the most important aspect of running a business and if I were shopping I would know all the outs and know what places have the best prices for all elements of the menu and a small savings on cost of goods is an exponential return on profits. I dont blame them it is so hard running a restaurant and few have the financial chops to zone in on costs like I do.

@wallstreetcappers

 Yep.  Last I looked the EBITDA around 10%. I think average restaurant net profit margin is around 5%. Somewhat higher for the franchises. 
That has to be a business that is a lifelong dream or dedication for a person. 
Then if you are having to start with a lower-end one it is a hassle retaining good help. 
Maybe a higher-end one is easier — but you have to get to that point. 
So very glad it was not my dream to run a restaurant.  
I appreciate the folks that do a good job with that business — because it is not an easy one to make work.  

@wallstreetcappers

 So I would think very key to find a good one-stop supplier for them to keep costs down. 

@Raiders22

 I'd say the best way is to know your costs and that means keeping a spreadsheet of costs of every single item you have from napkin bundles to salt and pepper packets to paper boxes, a crate of tomatoes, every single thing. Then every time you purchase inventory keep track of price and then you can see how costs are going up and down and especially high cost of goods items you do a daily inventory and make sure you are watching those items like a hawk. We used to have daily inventories, weekly on a larger scale and month end for every item and if your POS is good it will have a menu build on all items you sell that breaks down every single thing from how much cheese on a medium pizza to how many ounces of rice in a calfornia roll, then as you make sales the inventory account is reduced and you can track COGS to a high degree of quality.

I used to have two or three outs on high volume items meaning two or three ways to purchase and I would either order online and compare prices or call and place an order after finding prices, I would also be willing to use my car and go pick stuff up if the savings were good enough.

The hardest part of running a place is knowing the business and having great staff, run a tight ship and a clean store front to back. Then once that is in place you can start clamping down on all costs including repairs and maintenance, knowing  how much you are paying for workmans comp insurance and expand sales with good marketing. We didnt have Uber Eats and delivery stuff like they do now, I am not sure I would want to deal with the hassle actually and the coordination required to have third party delivery doods zipping in and out and scanning orders in and out and the headache and paying the place for the service...I would probably not use those things and either deliver from a paid staff or not do it at all.

You lose your life running a place, it becomes your life and you are never fully free, things happen always and it devours your life and mind.

@wallstreetcappers

 How did you deal with getting good employees?  
Was it a hassle retaining good ones?

I would be worried about theft with so many dealing with cash.  Or giving their buddies discounts, etc.

Or was that sort of thing easy to handle? 

@wallstreetcappers

 I think the ideal situation might be to work it and move it up to a higher end restaurant where you are open only for dinners certain days or lunch and dinners — and of course weekends. 

Especially with a family, if you are having to stay open 6-7 days a week for 2 or 3 meals — absolutely I bet it is overwhelming and time consuming!

It is amusing when someone creates a thread about Trump and the deficit just below a trillion and now it's a trillion every 100 days. The fact is shovling out all the COVID stimulus was bound to cause some inflation. That should have been a no brainer. So let's say" I'm gonna end fossil fuel" and immediately shutdown a pipeline. Then how about a nice $1.9 billion American Rescue Plan and put more money in circulation. Then add a preventable proxy war overseas complete with oil embargo. How about blowing up a gas pipeline too!

Then sit on your hands and say it's just "transitory". 

Real amusing.

A quick stop at any fast food joint will get you many many packets of any condiment you wish like mustard, ketchup etc.

As the owner I would go nuts if my employee was handing out more thatn 2 or 3 of these per customer unless the customer asks for extra.

It should be the exception rather than the rule.

There's a cost associated with every one of those packets!

@Raiders22

 Finding good help was always the hardest and turnover means advertising for openings, interviewing, training etc...huge hassle. The turnover means that task never ends and finding good help is so difficult.

I did QSR and higher end and while one has low end hassles the other has so many more issues. A full service has many more moving parts and a larger staff and guests have a higher expectation and then you have to juggle lunch and dinner service, more management layers and alcohol has many layers of issues and requirements. 

E J Carroll said Trump raped her in a Bergdoff Goodman dressing room.

A 2012 Law and Order episode was about a woman raped................in a Bergdoff Goodman dressing room. ( What ARE the chances )

E J Carroll posted on social media she LOVED the tv show The Apprentice.

In 2012 on Facebook; she had asked whether anyone would have sex with Mr Trump for $17,000, even if they could keep their eyes closed and prevent him from speaking.

Ms Carroll gave an interview to CNN’s Anderson Cooper in 2019 where she said that most people think of rape as sexy.

She claimed she was wearing a designer dress when she was supposedly raped that wasn't invented until about 10 years later.

Named her cat vagina. Said she was fired because of Trump's remarks. Her employer testified Trump was not the reason.

MAINSTREAM MEDIA REFUSED TO EVEN REPORT ON ANY OF CARROLL'S SOCIAL MEDIA POSTS AND JUST SAID "TRUMP ALLEDGES".

@Midnight1

 Yeah you would be surprised at the difference in cost per ounce between a val pack BIB ketchup that is used at a pump versus individual packets...cost difference is insanely higher and that is why a GOOD QSR will not have packets sitting there to take, they are given X number per item (so say a large fry would get 2 a small 1 etc) and any extra is requested from the guest.

@UNIMAN

 That stimmy was to save corps much more than to give freebies to low income people. I know you dislike low income takers and are less bothered by corps getting a handout but the bulk of the $$$ didnt go to the poverty low income family, the big checks went to payroll stimmy and to high income individuals who were not working. I have a friend who runs his own IT consulting company, just a one person deal and he told me how much stimmy he got and was able to monopolize programs and got a pretty hefty sum and then there were loopholes to avoid repayment and so I dont think he had to repay anything. While the little doobie who lives in low income was able to get their corporate tasty treats it might seem like the low income taker was the bad guy but the receiver of all that cash went mostly to multi national corps. No low income family were able to retire off the income based stimmy, nobody bought a yacht or went on luxury cruises from the low side, but MANY MANY stories of excess and greed from stimmy takers on the high side.

Before blaming the lesser keep in mind that the real driver of government excess are large and mid cap S&P corps, thats where the BILLIONS are going, not the few thousands for the guy living on welfare.

@wallstreetcappers

 I not know that lingo — QSR.  I look up and it say Quick Service Restaurant.  So was like fast food type?

So was open breakfast, lunch and dinner?  
It was a franchise thing?

I am interested in how you got started?  You bought in or started by yourself or with family/partner?

I have known a few folks in that business and some LOVE it and some HATE it — does not seem much of a middle ground. 

Where the hell did I blame the stimulus on the "low income takers"???????? Where do you manufacture this garbage?

I will say it again, the stimulus run put dollars out there, you know what that does next. Do you try to midigate the effects or is it f-it full steam ahead, keep spending!!??

KEEP SPENDING.

@UNIMAN

 This is the correlation, who drives CPI inflation, the lower or the middle class or the upper class? I would suggest that the lower and middle drive core inflation more than the upper class as the lower and middle make up MORE of the consumption driven population and thus the CPI.

My comment about biz and upper is based on observation on what you harp on and what bothers you more and it does not seem that corp BILLIONS bothers you as much as other groups. I dont recall you harping on the true takers of the cash which are the multi nationals, the dark money groups, the military complex...that is where the BIG cash goes but that is rarely discussed.

@wallstreetcappers

 I have no interest in making a topic more difficult than it needs to be.  You can't dispute "" the fact "" that inflation has been the worst it's been in 4 decades, under Biden.   That's not partisan,.... that's "" fact"" .  

BTW,  Trump had maybe 8 months of ZIRP,  once the pandemic took hold.   Interest rates were already on the rise before he took office.  

@Rush51

 Oh I can dispute it, I am disputing it. I am saying the economic/financial information does not correlate with your partisan claim, let alone that congress is split so there is no DEM driver of policy at all, thus your partisan claim is inaccurate and I dispute it.

Do you know how much of an increase in GDP it takes to drive inflation? That is why I asked you to provide real information and stats not just the partisan nonsense which is fake news. Maybe you are not able to debate content, facts, truth, data because you are not interested in reality...you just like to bash the DNC to elevate golden shoes and to fit your narrative.

I'd love to discuss the economy and would rather skip the partisan baloney, you are welcome to discuss real actual data....I think this is the third time I am asking on this very topic and you guys wonder why some people get irritated by the partisan waste of time replies we see so often here.